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iPhone 5 Release Date Pegged at Aug.7, Foxconn Exec Say iPhone 5 will 'Shame' Samsung Galaxy 3

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The iPhone 5 release date has been rumored and speculated to be released Aug. 7, or late summer 2012. Apple has remained mum on confirming dates. However, experts agree that when the iPhone 5 does release, its features will crush Android competitors, in particular, the Samsung Galaxy S3 which has been receiving a lot of buzz lately.

Terry Gou, CEO of Hon Hai -the company that is owned by the Foxconn factory that manufactures Apple's iPhone's and iPad's -urged "consumers to wait for the launch of the iPhone 5" at the company's shareholders' meeting, according to China Times.

Gou added that "the new model (iPhone 5) will put Samsung's Galaxy III to Shame."

In other iPhone 5 rumors, there are new leaked photos published by Apple.pro which show a device that is very similar to the iPhone 4 and 4S in terms of overall look and design. The one major difference is the front panel which clearly shows that the device will have a larger display than the current iPhones.

Another notable design change in the new iPhone front panel shows the FaceTime camera has been moved to a centered position above the earpiece speaker. The current iPhone display is only 3.5 inches, while the iPhone 5 is expected to be 4 inches. The phone itself will have a thinner, sleek, and more durable design.

Android Dominates Market, Apple iPhone Has 34 Pct: iPhone 5 Release May Affect Market

The iPhone 5 release date will also deliver the IOS 6 mobile operating system. Apple reports that the software will deliver about 200 new features including a new Map app with 3D and turn by turn navigation and advancements in web browsing on Safari. IOS 6 will take your Apple products "in entirely new directions," the website promises.

According to 9to5Mac, the next iPhone is equipped with the energy-saving Broadcom 4334 wireless chip. The new chip also supports Wi-Fi (b /g / n), Bluetooth 4.0, FM radio, dual-channel WiFi and WiFi-Direct. This would open the way for the ad-hoc service AirDrop on IOS devices.

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